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The Upton Company employs a standard costing system in which variable overhead is assigned to production based on direct labour hours. Data for the month
The Upton Company employs a standard costing system in which variable overhead is assigned to production based on direct labour hours. Data for the month of February include the following:
Variable manufacturing overhead cost incurred: $48,700
Total variable overhead variance: $300 F
Standard hours allowed for actual production: 7,000
Actual direct labour hours worked: 6,840
The variable overhead spending variance is:
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